- 20 Marks
EIB – OCT 2022 – L1 – Q5 – Free Trade and Exchange Rates
Effects of free trade, barriers, arguments for restrictions, and factors affecting imports and exchange rates.
Question
(a) State two positive effects of free trade. (4 marks)
(b) Mention any two non-tariff barriers to free trade. (4 marks)
(c) List two arguments used to support trade restrictions. (4 marks)
(d) State two factors that may cause imports to rise. (4 marks)
(e) State two factors that may cause the foreign exchange rate to change. (4 marks)
(Total marks:20)
Find Related Questions by Tags, levels, etc.
- Tags: Exchange Rates, free trade effects, Imports, non-tariff barriers, trade restrictions
- Level: Level 1
- Topic: Price and Output International
- Series: OCT 2022
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